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Friday 19 July 2019
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‘World economy may be slipping into 1930s depression problems’

‘World economy may be slipping into 1930s depression problems’

London: RBI Governor Raghuram Rajan has asked central banks from across the world to define ‘new rules of the game’ as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s.

He expressed concern that the world may be slipping into the kind of problems of the depression of the 1930s and an international consensus was needed to be built over time.


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